Previously, the private placement scale in Beijing has always been the first in China. This time, Shanghais private placement scale has surpassed Beijing for the first time, becoming the region with the highest number and scale of private equity managers in China.
Gold axe Investment Research Center said that the rise of Shanghai private placement can not do without the overall environment. Shanghai is located on the back of the rich land of the Yangtze River Delta, where a large number of high net worth people are concentrated. It has profound cultural accumulation and innovative spirit. The urban gene of Prospering Hong Kong with commerce and prospering the city with Hong Kong makes Shanghai rich in the open consciousness of embracing all rivers.
Strong financial investment atmosphere
Shu Taifeng, a partner of Chongyang investment, said that Shanghai has made great efforts to build an international financial center in recent years. At the beginning of 2020, Z / yen group, a British think-tank, released the 27th global financial center index. According to the index, Shanghai was promoted to the fourth place in the world for the first time, surpassing Singapore and Hong Kong, and second only to New York, London and Tokyo. At the same time, the global asset management center and wealth center are the new driving force for the construction of Shanghais financial center. Therefore, Shanghai has launched a series of policies on talents and funds to support financial institutions.
Deng Anna, general manager of Kaifeng investment and marketing department, believes that in recent years, the scale of private placement in Shanghai has grown faster, and the number of private placements with 10 billion yuan is ahead of the whole country. On the whole, Beijing, Shanghai and Shenzhen can breed more than 10 billion private placement, which is inseparable from their multiple advantages, such as talent gathering, good market environment and high quality of investors.
Danyi investment said that as an international financial city, Shanghai is easier to attract financial talents, and talent introduction policies and preferential policies for enterprises also retain high-quality talents and institutions. Compared with other cities, Shanghais financial information interchange is more frequent, including conferences, roadshows, studies and so on. The increase of scale also shows that the funds earning effect is becoming more and more prominent. There have been some very good private companies in Shanghai, and the acceptance of the whole market is relatively high.
Policies attract private placement to settle in Shanghai
The open policy environment and tax incentives also attract private funds to settle in Shanghai. Fu Rao, director of Beijing Jinzhang investment research, said that the entrepreneurial environment in Shanghai is better. It is relatively easier to register a private equity company in Shanghai than in Beijing, and it is easier for small private companies to survive in Shanghai. At the same time, there are more investors who invest in private placement in Shanghai, and the market personnel of private placement in Shanghai will be more mature, market-oriented and more professional than those in other cities.
Shu Taifeng said that the good business environment attracts all kinds of enterprises, including private equity, to establish and grow in Shanghai. In the global business environment report released by the world bank every year, Chinas ranking is made up of data from Beijing and Shanghai, with Shanghai accounting for 55% of the total. After the outbreak of Xinguan epidemic, the total score of Shanghai ranked first in China in the evaluation report of Chinas urban business environment index in post epidemic era (2020) released by Wanbo New Economic Research Institute and several associations.
A medium-sized quantitative private placement said, we settled in Hongkou District, Shanghai, with talent settlement policy, tax incentives and rent subsidies.
Journalists also found that some private placement would prefer to register in Shanghai, but the actual office may be in the north, Shenzhen and other places.
The advantages of professionals and financial resources are obvious
Dunna said that talent is the most important asset in the asset management industry. Judging from the recruitment of new graduates, Beijing, Shanghai and Shenzhen have competitive advantages and can provide talents for private placement. From the perspective of mature investment talents, beishangshen and other places have developed financial markets, and many excellent public funds, securities companies and asset management institutions are gathered. Many investment managers have experienced the growth and polishing of large platforms in the early stage, The formation of a self-contained investment logic, investment customer group and even personal brand, once entering the private equity industry, can be better seamless convergence.
Hu Po, the future star fund manager of private placement network, believes that Shanghai can provide indispensable resources and talent support for the development of private placement. Shanghai has gathered many well-known securities companies, banks and other headquarters at home and abroad. At the same time, Shanghais economy is developed, with a high proportion of high net worth customers, and it generally has professional financial knowledge and has a high acceptance of private placement, which provides a wealth for private fund raising Rich institutional and personal customer resources. Shanghai is the gathering place of many colleges and universities, and also the first choice city for overseas returnees employment and entrepreneurship. A large number of professional talents reserve provides a convenient market environment for private selection and cultivation of talents. Therefore, the growth and development of Shanghai private equity fund ecosystem is more sound, and the industrial chain is more complete and efficient.
Juming investment believes that as an economic center, Shanghai has capital advantages, financial talents are more focused, and the research force of the sellers Research Institute is relatively more concentrated. Adding the advantages of the number and volume of listed companies, it is more convenient to reach listed companies, high-end manufacturing, pharmaceutical R & D and other high-quality enterprises in the Yangtze River Delta region.
High net worth customers
Shu Taifeng said that the client group of private placement is high net worth group. Thanks to the rich accumulation of total wealth, the number of high net worth groups in Shanghai is huge. China Construction Bank (6.570, - 0.08, - 1.20%) (Hong Kong stock 00939) and Boston Consulting Co., Ltd. released China Private Bank 2019, which shows that the number of high net worth people in Shanghai has exceeded 100000. In terms of regional distribution, as of the end of 2018, 10 provinces and cities have passed the threshold of 50000 high net worth people, of which Beijing, Shanghai, Guangdong, Zhejiang and Jiangsu have all exceeded 100000. Beijing has the highest density of high net worth persons in China with 78 high net worth persons per 10000 people. Shanghai and Guangdong rank second and third respectively. The density of high net worth persons is 60 per 10000 people and 37 per 10000 people respectively. The huge high net worth customer group provides rich soil for the birth and growth of 10 billion private placement.
Source: Ren Hui, editor in charge of financial website_ NBJ9607